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Tom Perkins Is Back And Facing "Economic Extinction"; Proposes "$1 = 1 Vote" Plan
Tom Perkins is back. Still apologetic for his Kristallnacht analogy, the 82-year-old 1-percenter's-1-percenter, still wearing the $350,000 Richard Mille watch discussed his views on the failure of social, fiscal, and monetary policy at a talk entitled "The War On The 1%" ironically in San Francisco - and increasingly divided city. Perkins explained that the top 1% is carrying the government - "Government is a giant beast that has to be fed, and it's fed with taxes... and taxes will go up and up and up." Simply put, he notes on the entitlement society and implict buying of votes, "we got ourselves into this mess," and his biggest fear is higher taxes until there is no 1% - "It's an economic extinction, not a physical one." Perkins proposes a "$1, 1 vote" future noting that 50% of registered voters pay no taxes.
Perkins on the demonization of the rich...
Why a watch costs $350k?!!
Perkins pegged the problem of the American taxation system on failures in social, fiscal, and monetary policy.
The income gap has roots in the War on Poverty, Perkins said, which he wished "had not been such a fiasco." He blamed Lyndon B. Johnson's social programs for an increase in out-of-wedlock birthrates and low-income single parent households.
Fiscally, Perkins said that the government spends too much money on entitlement programs, an issue highlighted by the debt that the U.S. accrues as a result. "We're on a knife edge with this incredible debt that can't be paid back," Perkins said.
Finally, Perkins' views on monetary policy were that historically low interest rates have led to a boom in tech startups. Which, according to Perkins, is a bad thing. "An incredible amount of money has flowed into venture capital," he said. So, when students drop out of college and move to Silicon Valley to start companies or design software, "There's so much money [in Silicon Valley], that they can keep failing and failing, so they aren't learning in college anymore."
When challenged to say, in 60 seconds, how he would change the world, Perkins made a playfully controversial response.
He suggested that, in the tradition of Thomas Jefferson's voting land owners and Margaret Thatcher's idea of only allowing taxpayers to vote, "The Tom Perkins system is: You don't get the vote if you don't pay a dollar in taxes. But what I really think is it should be like a corporation. You pay a million dollars, you get a million votes. How's that?" To which the audience responded with laughter. Perkins later said offstage that what he meant was that, with 50% of registered U.S. voters not paying taxes, "we got ourselves into a mess."
Perkins said the fear is higher taxes until there is no 1%. "It's an economic extinction, not a physical one."
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it's not about tax revenues it's about stopping INSANE ACCUMULATIONS OF WEALTH AND POWER THAT ULTIMATELY STAGNATES AND DESTROYS SOCIETY
Income inequality led to a revolution in Moscow.
Nope - it was an op by the Red Sheild klan and their other tribe members.
We were never supposed to be a democracy.
We were never supposed to have an income tax.
And we were never supposed to have one-person-one-vote.
The Free Shit Army is taking over the nation, and all you idiots can think to say is how much you hate this guy's watch? I'm glad there are $350,000 watches in the world. Do you idiots want us to all be poor? There is no virtue in that, so fuck you.
I think we should have a litmus test for voting. I'm not sure what exactly it should be, but I think having some "skin in the game" is a damn good start.
We aren't being run by oligarchs. We are being run by communists and socialists who are doing their level best to get rid of the 1%. They are also trying to get rid of the middle class, and most of you are falling for it with this 99% vs. 1% crap.
But don't let facts get in the way of your Two Minutes Hate on the rich.
Speaking of facts, did you not notice that lobbiests write much of the legislation that regulates their own industries? Did you not notice the revolving door between Washington DC and banks? Did you not notice that THE STATE DOES NOT OWN THE MEANS OF PRODUCTION IN THIS COUNTRY?
Communists and socialists my ass. More like corporatism or fascism or whatever you want to call it. We are, in fact, being run by oligarchs, and if you'd open your fucking eyes, it would be obvious to you.
Anyone wearing that $350K watch better be prepared to lose it. Thieves would kill for a lot less. People that flaunt their wealth deserve what they get.
No SCUMBAG, you're not "carrying" the government, you BOUGHT the government. The govt is run by you fucking tyrants and you can take your taxes and shove them up your tight ass bitch. Don't try to sell me a bill of goods. Just because you have money which you obtained NOT earned illegally through your crony rip off system doesn't mean you're "smart" it just means you're a really good CROOK. ANYONE can make the money you made if they CHEAT and STEAL from the system. You're just a rich CRIMINAL. So don't get it wrong dipshit, we KNOW what you're about. We've HAD IT with assholes like you. We're tired of lirtening to your LIES and BULLSHIT. When the time comes you're gonna hang from a lamp post for treason against the People. Don't worry we'll stuff your pockets with your money, you can have it. Crawl back into the hole you came from traitor.
I love this idea $1 of tax = 1 vote..Its fucking awesome! But its a job killer! What will all the lobbists do after we make it legal to openingly buy up the gov. instead of all this back door, penis in mouth, b.s. these poor billionares have to go through to purchase laws, and regs to roll over us in a fair and balanced fascist society that we all have come to love and enjoy. Plus there is the added bonus of all the time, gas, and energy I'll save not having to drive down to vote every couple of years. Freeing me up to pursue other interests like learning how to build a house out of a cardboard box and which dumpsters have the best grub.
/sarc
Perkins et al seem oblivious to the fact that our very political system was designed from the start to put the 1% in charge and trick the 99% into thinking they had some say in affairs. That's why we have bicameral parliaments, it's why we call them upper house vs lower house, house of lords vs house of commons, senators vs representatives.
By design, the (supposedly) sensible, calm and rational rich are supposed to supervise the noisy dealings of the (supposedly) foolish, emotional and irrational commoners.
Assault on the rich? Absolute bullshit. Our political system is resistant to it by design. The senate is, always was and always will be, controlled by the wealthy.
seems alot of heated words on who gets to vote, perhaps you all never voted on a diebold terminal or had your votes counted in Spain and then reported back, oh and you may never have asked for a printed record of how you voted a few seconds ago, may you all understand the eternal truths of joe stalin: " it's not who votes ITS WHO COUNTS THE VOTES that matters"...counting chads had the intended effect. digital voting for a secure vote...not born yesterday, a one eyed man in a nation of blind..
You know this is all deliberate. He's not senile. He's not a blabber mouth that can't help himself.
He is being sent out to give this message to the masses.
I think it's a an attempt to incite voilence against the elite so they can bring on the marshall law they all want.
Because they are afraid of the masses' who they know by now HATE them.
libtards free shit crowd 50% pay no taxes .... let then eat shit and die
libtards 55 million abortions $1 trillion on "war on paverty" creating more poverty want to replace the aborted with illegals who can vote for libtards and more free shit.. again let em eat shit and die
instead of swarming across the tex mex border, let the illegals have their own social revolution in their own country... but they have no fucking balls to revolt... come north and get free shit... and put more libtards in office... eat shit and idie...
Perkins is right in some instances. The rich do carry, or more precisely tax payers of the Federal Income Tax do carry the "dollar credibility". You see the US dollar is a reserve currency, so the US can run large deficits, and create more debts. Politicians simply use this, or you could say abuse this so they can fund more governement. You fund more government with cheap credit, which is helped supplied by the world. The world buys up US treasuries to fund the government, this is why you have perpetual increases in debts, and global trade imbalances. This is why they raise the debt ceiling. You see Nixon went to China, so the Chinese export to the US, and the Chinese can fund the US government. This is why we have a mediocore economy. It's a consumer economy afterall, you know the norm. I think people tend to generalize too much, and blame the rich for all their ills, as if them getting richer hurts the poor. If there was only winners, and losers in exchange, then economics as we know it wouldn't be sustainable for any period of time. I thought Adam Smith already revealed that the lower income people benefit, because the rich produce more for the poor? I guess not. How we reverted, and regressed in economic understandings of things..... So the when people concede that free markets don't work, the rich don't help the poor in anyway whatsoever whether directly, or indirectly, they make the fatal conceit, and support state run communism.
For trickle down economics doesn't work for people of marxist views, why not visit Venezuela for trickle up economics.....
The rich OWN this government 100%.
His bleeting about votes is just that.
Don't the poor Venezuelans own their government? Surely can't be the rich, a lot of rich Venezuelans ran out of that country. Hmmmm.... When you open the pandora's box of people using government for their own selfish means, such as stealing from the rich which is ironically considered a altrustic things by many people, you open the door to absolute centrally planned corruption of the state, being the middle man to screw one group of people in favor for another.
The rich OWN this government 100%.
His bleeting about votes is just that.
This man should not be given oxygen!